BioNTech (BNTX) announced that its subsidiary BioNTech UK Ltd. signed a grant agreement with the UK Government to broaden the company’s R&D activities for innovative medicines in the UK. As part of the agreement, BioNTech is committed to investing up to GBP 1B over the next 10 years. The company’s efforts will be supported by a grant of up to GBP 129M for a period of 10 years by the UK Government, which “marks one of the largest grants of its kind in UK history for a pharmaceutical company,” BioNTech stated. The grant is part of the UK Government’s mission to enhance its life sciences sector and support innovative companies with the aim to unlock progress in medical science, BioNTech added.
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